Identification solutions manufacturer Brady (NYSE:BRC) will be announcing earnings results this Thursday morning. Here’s what you need to know.
Brady missed analysts’ revenue expectations by 1% last quarter, reporting revenues of $382.6 million, up 11.4% year on year. It was a slower quarter for the company, with a slight miss of analysts’ full-year EPS guidance estimates.
Is Brady a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Brady’s revenue to grow 12.7% year on year to $386.9 million, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $1.24 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Brady has missed Wall Street’s revenue estimates five times over the last two years.
Looking at Brady’s peers in the safety & security services segment, some have already reported their Q2 results, giving us a hint as to what we can expect. CoreCivic delivered year-on-year revenue growth of 9.8%, beating analysts’ expectations by 8.6%, and MSA Safety reported revenues up 2.5%, topping estimates by 5.9%. CoreCivic traded up 2% following the results while MSA Safety was also up 1.4%.
Read our full analysis of CoreCivic’s results here and MSA Safety’s results here.
There has been positive sentiment among investors in the safety & security services segment, with share prices up 4.2% on average over the last month. Brady is up 10.4% during the same time and is heading into earnings with an average analyst price target of $87 (compared to the current share price of $77.79).
Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.
StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.